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Exclusive: inside Story About Forex Brokers and the SNB Shock

Exclusive: inside Story About Forex Brokers and the SNB Shock

5 Years ago | January 19, 2015 00:00:00

While I am not privy to any specific information, I have pieced together why some forex brokers were ravaged by the aftermath of the SNB decision to abandon the EURCHF floor while other forex brokers managed to make money on the unprecedented volatility. As you will see, it is ironic that those who hedged the risk to their trading books suffered while those who took on the risk by not hedging survived, even thrived. If the opposite price action had occurred (i.e. CHF gapped sharply lower) it would have seen the so-called bucket shops get ravaged but such was not the case. As I will show it was the more conse

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